Kosovo Public Expenditure Review

doi:http://dx.doi.org/10.1596/39944

Publication:
Kosovo Public Expenditure Review

dc.contributor.author	World Bank
dc.date.accessioned	2023-06-29T13:41:37Z
dc.date.available	2023-06-29T13:41:37Z
dc.date.issued	2023-06-29
dc.description.abstract	Kosovo has gained a creditable reputation for prudent macro-fiscal management; yet necessary structural reforms and related fiscal pressures lie ahead. The country’s track record includes consistently high output growth rates, prudent fiscal deficits supported by fiscal rules, and one of the lowest public debt levels among peers. The Government was able to successfully weather the COVID-19 crisis and mitigate the impact of the ongoing inflationary crisis caused by the Russian invasion of Ukraine thanks to its healthy fiscal accounts and stable financial sectors. At the same time, however, the overlapping external shocks have highlighted the inherent volatility that mirrors Kosovo’s structural limitations - especially in health, energy, and education - and accentuates gaps in both human and physical capital. The objective of this Public Expenditure Review (PER) is to help the government identify means for improving the structure and quality of public services, enhance the equity of government spending, and take a holistic view of policies that will affect financing needs over time. To do so, the PER has analyzed fiscal issues that have not been explicitly detailed in, or are in the process of being incorporated into, the medium-term expenditure framework and the economic reform program. The most notable issues include the urgently needed energy investments, the ramifications of the new law on public salaries on the budget, the sustainability of the untargeted social protection system, and possible pathways of the cost of pensions in light of expected changes to eligibility criteria, and the health spending and health financing conundrum. The PER also looks back at past World Bank PER recommendations and their implementation record, in the attempt to shine a light on measures that remain valid and could still be implemented.	en
dc.identifier	http://documents.worldbank.org/curated/en/099062923050035284/P1782180bd4d950fd0a98400add815e5121
dc.identifier.doi	10.1596/39944
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/39944
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	WESTERN BALKANS
dc.subject	PER
dc.subject	PUBLIC SPENDING
dc.subject	EMPLOYMENT
dc.subject	SOCIAL ASSISTANCE
dc.title	Kosovo Public Expenditure Review	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Kosovo Public Expenditure Review
okr.date.disclosure	2023-06-29
okr.date.lastmodified	2023-06-29T00:00:00Z	en
okr.doctype	Economic & Sector Work
okr.doctype	Economic & Sector Work::Public Expenditure Review
okr.docurl	http://documents.worldbank.org/curated/en/099062923050035284/P1782180bd4d950fd0a98400add815e5121
okr.guid	099062923050035284
okr.identifier.docmid	P178218-bd4d9562-09f6-4afd-a984-0add815e5121
okr.identifier.doi	http://dx.doi.org/10.1596/39944
okr.identifier.externaldocumentum	34105536
okr.identifier.internaldocumentum	34105536
okr.identifier.report	183517
okr.import.id	973
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099062923050035284/pdf/P1782180bd4d950fd0a98400add815e5121.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Kosovo
okr.sector	Central Government (Central Agencies)
okr.theme	Public Expenditure Policy,Economic Policy,Fiscal Policy,Fiscal sustainability
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topic	Macroeconomics and Economic Growth::Economic Growth
okr.topic	Finance and Financial Sector Development::Financial Sector and Social Assistance
okr.topic	Poverty Reduction::Employment and Shared Growth
okr.unit	EFI-ECA-MTI-MacroFiscal-2 (EECM2)